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AREA REPORTS

Wright

ACT/
Wright

Suburb Profile

Wright - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2611

house
unit

Property investors enjoyed capital gains of 2.43% over the last 12 months in WRIGHT, translating to lower returns compared with its peers in ACT.

Figures from the previous quarter show that capital gains for real estate buyers in WRIGHT are high, as opposed to average gains per annum over the past five years.

The suburb posted a 14.9% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $740 based on current median home prices for the suburb.

On average, rents on listings have reached the $740 mark, reflecting a 4.8% increase in returns based on the current median price in WRIGHT.

WRIGHT, 2611 ranks 56th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 12th on the list of best yielding suburbs for rental properties in ACT, posting a 4.8% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $802,000 $397,956
GROWTH REPORT
Median Quarterly 14.57% 0%
Median 12 month 2.43% -0.76%
Median 3 years 14.9% 6.41%
Median 5 years 37.09% 0.75%
10 years average annual 7.6% -1.58%
Weekly media advert. rent $740 $450
Time on Market 78.7 days 103.9 days
Gross Rental Yield Percent 4.8% 5.88%
demographics (median values)
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